ACTIVE

GRAPHIC DEVELOPMENT

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Financial year 2025 · closed on 31/12/2025

Net result

10,5 k €

-0.6% YoY

Gross margin

30,6 k €

-17.4% YoY

Equity

78,1 k €

+15.5% YoY

What does GRAPHIC DEVELOPMENT do?

GRAPHIC DEVELOPMENT is a Private limited company incorporated in 1994. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Berlaar.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.208.447

Incorporation

01/08/1994

Legal form

Private limited company

Registered office

Itegembaan 65
2590 Berlaar · FlandreSee on map

Contributed capital

6 197,33 €

Latest accounts

31/12/2025

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities 62010Computer programming activities 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	30,6 k €	-17.4%	37,1 k €	-29.9%	52,9 k €	+68.2%	31,4 k €	+35.2%	23,3 k €	-10.9%	26,1 k €	+45.9%	17,9 k €	+593%	-3,6 k €	-116%	22,3 k €	+704%	2,8 k €	-73.8%	10,6 k €	-41.6%	18,1 k €	-20.2%	22,7 k €	+7.2%	21,2 k €	+36.3%	15,5 k €	-8.0%	16,9 k €	-19.6%	21 k €	-20.8%	26,5 k €	+96.5%	13,5 k €	-37.6%	21,6 k €
EBITDA	28,5 k €	-18.5%	35 k €	-31.0%	50,7 k €	+71.3%	29,6 k €	+39.9%	21,2 k €	-10.9%	23,8 k €	+46.3%	16,2 k €	+607%	-3,2 k €	-117%	18,5 k €	+1355%	1,3 k €	-86.0%	9,1 k €	-60.6%	23 k €	+59.3%	14,4 k €	-24.6%	19,1 k €	+45.1%	13,2 k €	-11.9%	15 k €	-23.1%	19,5 k €	-22.2%	25 k €	+120%	11,4 k €	-43.6%	20,2 k €
Operating result	17,1 k €	-6.7%	18,3 k €	-49.9%	36,6 k €	+85.2%	19,7 k €	+126%	8,8 k €	-26.2%	11,9 k €	+121%	5,4 k €	+137%	-14,5 k €	-303%	7,1 k €	+179%	-9,1 k €	-593%	-1,3 k €	-110%	12,6 k €	+254%	3,6 k €	-64.4%	10 k €	+113%	4,7 k €	+16.2%	4 k €	-47.3%	7,7 k €	-41.6%	13,1 k €	+891%	-1,7 k €	-123%	7,3 k €
Net result	10,5 k €	-0.6%	10,6 k €	-51.6%	21,8 k €	+79.7%	12,1 k €	+229%	3,7 k €	-42.9%	6,5 k €	+65.7%	3,9 k €	+125%	-15,4 k €	-394%	5,2 k €	+155%	-9,4 k €	-1622%	620,8 €	-74.1%	2,4 k €	+3495%	66,6 €	-98.2%	3,6 k €	+1968%	-193,1 €	-106%	3 k €	-33.0%	4,5 k €	-46.5%	8,3 k €	+3390%	-253,7 €	-108%	3,1 k €
Balance sheet
Equity	78,1 k €	+15.5%	67,6 k €	+10.9%	61 k €	+49.3%	40,8 k €	+34.8%	30,3 k €	+7.4%	28,2 k €	+20.8%	23,4 k €	+10.8%	21,1 k €	-44.6%	38,1 k €	+13.2%	33,6 k €	-21.9%	43,1 k €	+1.5%	42,5 k €	+6.0%	40,1 k €	+0.2%	40 k €	+9.9%	36,4 k €	-0.5%	36,6 k €	-56.2%	83,6 k €	+5.6%	79,1 k €	+11.8%	70,8 k €	-0.4%	71 k €
Total assets	109,9 k €	+5.6%	104,1 k €	-5.0%	109,6 k €	+26.8%	86,4 k €	+2.9%	84 k €	-10.8%	94,2 k €	+14.3%	82,4 k €	-7.4%	89 k €	-9.3%	98,1 k €	+1.6%	96,6 k €	-6.3%	103 k €	+27.8%	80,6 k €	-15.6%	95,5 k €	+2.8%	92,9 k €	+0.1%	92,9 k €	-33.0%	138,5 k €	+1.6%	136,3 k €	-6.6%	145,9 k €	-0.3%	146,4 k €	-0.1%	146,6 k €
Cash	40,1 k €	+52.4%	26,3 k €	-2.5%	27 k €	+24.8%	21,6 k €	+28.2%	16,9 k €	+16.0%	14,5 k €	-20.6%	18,3 k €	+20.0%	15,2 k €	+14.4%	13,3 k €	+8.8%	12,2 k €	+7.1%	11,4 k €	-2.2%	11,7 k €	-13.0%	13,4 k €	+8.4%	12,4 k €	+217%	3,9 k €	-72.1%	14 k €	+87.7%	7,5 k €	-52.8%	15,8 k €	+81.1%	8,7 k €	+43.8%	6,1 k €
Debts	31,7 k €	-12.9%	36,4 k €	-24.1%	48 k €	+6.7%	45 k €	-15.0%	52,9 k €	-19.7%	65,9 k €	+11.8%	59 k €	-6.7%	63,2 k €	+18.5%	53,3 k €	-8.4%	58,2 k €	+5.4%	55,2 k €	+56.1%	35,4 k €	-25.9%	47,7 k €	-7.7%	51,7 k €	-8.2%	56,4 k €	-44.6%	101,8 k €	+93.7%	52,6 k €	-21.1%	66,6 k €	-11.7%	75,4 k €	+0.1%	75,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Willem AERTS

Director

Active

Ended mandates

Willem Aerts

Director · since 01 août 1994

Ended

Willem Aerts

Manager · since 01 août 1994

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/08/2026	10/10/2025	25/07/2024	04/08/2023	28/07/2022	25/08/2021
General meeting	21/08/2026	26/09/2025	28/06/2024	26/06/2023	27/06/2022	30/07/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	21/08/2026	21/08/2026	Dutch	PDF
Micro model	31/12/2024	26/09/2025	10/10/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	25/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	04/08/2023	Dutch	PDF
Abridged model	31/12/2021	27/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/07/2021	25/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	08/11/2020	Dutch	PDF
Abridged model	31/12/2018	24/06/2019	01/08/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	20/07/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	25/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	16/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	27/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	22/08/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	09/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	16/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	29/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	07/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Willem AERTS

Director

Active

Ended mandates

Willem Aerts

Director · since 01 août 1994

Ended

Willem Aerts

Manager · since 01 août 1994

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202510,5 k €↓
2024
Annual accounts 202410,6 k €↓
2023
Annual accounts 202321,8 k €↑
2022
Annual accounts 202212,1 k €↑
2021
Annual accounts 20213,7 k €↓
2020
Annual accounts 20206,5 k €↑
2019
Annual accounts 20193,9 k €↑
2018
Annual accounts 2018-15,4 k €↓
2017
Annual accounts 20175,2 k €↑
2016
Annual accounts 2016-9,4 k €↓
2015
Annual accounts 2015620,8 €↓
2014
Annual accounts 20142,4 k €↑
2013
Annual accounts 201366,6 €↓
2012
Annual accounts 20123,6 k €↑
2011
Annual accounts 2011-193,1 €↓
2010
Annual accounts 20103 k €↓
2009
Annual accounts 20094,5 k €↓
2008
Annual accounts 20088,3 k €↑
2007
Annual accounts 2007-253,7 €↓
2006
Annual accounts 20063,1 k €
01/08/1994
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GRAPHIC DEVELOPMENT

Overview

What does GRAPHIC DEVELOPMENT do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline